What are the main factors that influence an Insurance Business Development Manager's salary?

The primary factors are: 1) Experience Level, 2) Geographic Location, 3) Education/Skills, 4) Company Size & Industry

What industry pays the highest salary for Insurance Business Development Manager?

The Biotechnology industry offers the highest average compensation for Insurance Business Development Manager roles, with salaries approximately 50% above the market median.

How does experience change An Insurance Business Development Manager's salary?

An Insurance Business Development Manager's salary grows with experience: starting around $171,631 for beginners, reaching about $135,948 at mid-level, and approach $216,578 for experts.

What are the highest paying states for an Insurance Business Development Manager?

Insurance Business Development Manager salary varies significantly by state. The top 3 highest paying states for Insurance Business Development Manager roles are District of Columbia $150,422, California $149,851, Massachusetts $147,854. These tech hubs typically pay 10-15% above the national average.

How much do different types of Insurance Business Development Manager roles make?

Salaries for Insurance Business Development Manager level roles vary by specialization: SVP of Insurance Product Development: $253,411; Insurance Actuary Manager: $172,170; Insurance Product Development Senior Manager: $169,061; Business Development Manager - Biotech: $136,739; Business Development Manager: $132,310.

Insurance Business Development Manager Salary in Minnesota

How much does an Insurance Business Development Manager make in Minnesota? As of September 01, 2026, the average salary for an Insurance Business Development Manager in Minnesota is $139,023 per year, which breaks down to an hourly rate of $67.

However, an Insurance Business Development Manager's salary can vary significantly. Here's a look at the typical salary range:

Top Earners (90th percentile): $167,232
Majority Range (25th-75th percentile): $128,259 to $153,789
Entry-Level (10th percentile): $118,459

10% $118,459

50% (Median) $139,023

90% $167,232

Insurance Business Development Manager Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$153,789	$12,816	$2,957	$74
Average	$139,023	$11,585	$2,674	$67
25th Percentile	$128,259	$10,688	$2,467	$62

Salary Factors Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

For HR & Compensation Team

What should I pay?

See how Salary.com helps teams price roles more accurately.

Benchmark Insurance Business Development Manager with confidence

Get deeper market data to support decisions.

Work Email

Phone No.

Choose a perfect time to talk with a compensation expert.

Book a Demo

Check out Insurance Business Development Manager Job Openings in Minnesota

Business Development Manager

Fly My Group – Burnsville, MN

Commercial Business Development Manager

COIT Cleaning & Restoration Services – Minneapolis, MN

Business Development Manager

Doherty Staffing Solutions Inc – Minneapolis, MN

Commercial Business Development Manager

In-Focus Systems – Minneapolis, MN

Key Factors That Influence Insurance Business Development Manager Salaries

An Insurance Business Development Manager's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.

How Experience Level Affects Insurance Business Development Manager Salaries?

Experience is a primary driver of an Insurance Business Development Manager's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

Entry-Level (less than 1 year): $171,631
Early Career (1-2 years): $117,725
Mid-Level (2-4 years): $135,948
Senior-Level (5-8 years): $178,835
Expert (over 8 years): $216,578

Job Role	Years of Experience	Average Salary
Business Development Associate V	less than 1 year	$171,631
Business Development Supervisor	1-2 years	$117,725
Insurance Business Development Manager	2-4 years	$135,948
Business Development Manager, Sr.	5-8 years	$178,835
Business Development Director	over 8 years	$216,578

How Do Insurance Business Development Manager Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Insurance Business Development Managers. For example, consider the average annual salaries in these key locations:

District of Columbia: $150,422.
California: $149,851.
Massachusetts: $147,854.

District of Columbia $150,422 California $149,851 Massachusetts $147,854 Washington $147,311 New Jersey $147,256 Alaska $147,066 Connecticut $145,191 New York $144,431

Hawaii $141,999 Rhode Island $140,858 Maryland $140,083 Minnesota $139,023 Colorado $138,616 Illinois $138,480 Oregon $137,964 Delaware $137,583

New Hampshire $137,344 Virginia $136,809 Pennsylvania $135,247 Nevada $134,459 North Dakota $134,201 Michigan $133,793 Wisconsin $133,644 Vermont $133,345

Texas $132,516 Maine $132,462 Arizona $132,380 Ohio $132,285 Georgia $131,035 Indiana $130,410 Wyoming $130,288 Utah $130,098

Iowa $130,016 Kansas $129,364 Louisiana $129,174 North Carolina $129,106 Missouri $129,079 Florida $128,549 Montana $128,264 Nebraska $127,992

Kentucky $127,842 South Carolina $127,299 Tennessee $126,959 Idaho $126,823 New Mexico $125,832 Oklahoma $125,614 Alabama $124,813 South Dakota $123,468

Arkansas $122,734 West Virginia $122,340 Mississippi $121,158

Top Paying Cities for Insurance Business Development Manager

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

Conger: $133,104
Courtland: $132,953
Darfur: $132,269

Conger, MN $133,104

Courtland, MN $132,953

Darfur, MN $132,269

Delavan, MN $132,290

Eagle Lake, MN $134,207

Easton, MN $132,341

Ellendale, MN $134,209

Elmore, MN $131,657

Elysian, MN $134,876

Emmons, MN $132,055

Essig, MN $132,444

Fairmont, MN $132,011

Freeborn, MN $133,292

Frost, MN $131,869

Garden City, MN $132,280

Geneva, MN $134,544

Glenville, MN $132,631

Good Thunder, MN $132,517

Granada, MN $131,881

Hanska, MN $131,884

Hartland, MN $133,406

Hayward, MN $133,398

Henderson, MN $135,706

Hollandale, MN $133,963

Hope, MN $134,618

Huntley, MN $132,188

Janesville, MN $133,942

Kasota, MN $134,446

Kiester, MN $132,080

Kilkenny, MN $135,522

Lafayette, MN $133,217

Lake Crystal, MN $132,491

La Salle, MN $132,133

Le Center, MN $135,800

Le Sueur, MN $135,506

Lewisville, MN $131,996

Madelia, MN $132,097

Madison Lake, MN $134,580

Mapleton, MN $132,584

Minnesota Lake, MN $132,653

Montgomery, MN $136,286

New Prague, MN $137,975

New Richland, MN $133,726

New Ulm, MN $132,425

Nicollet, MN $133,676

Northrop, MN $132,820

Pemberton, MN $133,259

Saint Clair, MN $134,114

Saint James, MN $132,000

Saint Peter, MN $134,749

Sanborn, MN $131,474

Searles, MN $132,216

Sleepy Eye, MN $131,784

Springfield, MN $131,659

Truman, MN $132,036

Twin Lakes, MN $132,414

Vernon Center, MN $132,191

Waldorf, MN $132,955

Waseca, MN $134,177

Waterville, MN $135,108

Wells, MN $132,664

Winnebago, MN $132,270

Windom, MN $131,814

Adrian, MN $128,384

Alpha, MN $131,429

Arco, MN $131,248

Avoca, MN $131,172

Balaton, MN $130,920

Beaver Creek, MN $125,094

Bigelow, MN $129,606

Bingham Lake, MN $131,617

Brewster, MN $131,235

Butterfield, MN $131,767

Ceylon, MN $131,532

Chandler, MN $129,102

Currie, MN $131,415

Dovray, MN $131,929

Dunnell, MN $131,333

Starbuck, MN $131,346

Morris, MN $131,429

Crane Lake, MN $130,072

Cromwell, MN $130,565

Grand Rapids, MN $130,603

Ely, MN $130,262

Embarrass, MN $130,077

Esko, MN $130,530

Eveleth, MN $130,274

Finlayson, MN $130,922

Floodwood, MN $130,197

Forbes, MN $129,849

Gilbert, MN $130,239

Goodland, MN $130,038

Hibbing, MN $129,947

Hill City, MN $130,454

Holyoke, MN $130,554

Hoyt Lakes, MN $130,261

Iron, MN $129,882

Jacobson, MN $130,119

Keewatin, MN $130,531

Kerrick, MN $130,781

Kettle River, MN $130,774

Kinney, MN $130,084

Mcgregor, MN $130,580

Makinen, MN $130,103

Marble, MN $130,451

Meadowlands, MN $130,134

Melrude, MN $130,084

Moose Lake, MN $131,059

Afton, MN $139,329

Almelund, MN $135,859

Bayport, MN $139,100

Bethel, MN $137,915

Braham, MN $133,944

Brook Park, MN $131,847

Cambridge, MN $135,484

Cannon Falls, MN $136,093

Castle Rock, MN $138,291

Cedar, MN $138,545

Center City, MN $136,742

Chisago City, MN $137,931

Circle Pines, MN $140,362

Cottage Grove, MN $139,684

Dalbo, MN $133,923

Wirt, MN $130,225

Thief River Falls, MN $131,001

Alvarado, MN $130,598

Angle Inlet, MN $130,541

Argyle, MN $130,758

Badger, MN $130,843

Brooks, MN $130,876

Crookston, MN $130,657

Donaldson, MN $130,816

East Grand Forks, MN $130,437

Euclid, MN $130,527

Fisher, MN $130,444

Gatzke, MN $130,618

Goodridge, MN $130,712

Greenbush, MN $130,849

Grygla, MN $130,560

Hallock, MN $131,168

Halma, MN $130,810

Humboldt, MN $131,093

Karlstad, MN $130,898

Kennedy, MN $130,877

Lake Bronson, MN $130,784

Lancaster, MN $130,793

Mentor, MN $130,835

Middle River, MN $130,771

Newfolden, MN $130,804

Noyes, MN $131,209

Oak Island, MN $130,535

Oklee, MN $130,905

Oslo, MN $130,636

Plummer, MN $130,849

Red Lake Falls, MN $130,781

Roseau, MN $130,926

Saint Hilaire, MN $130,861

Saint Vincent, MN $131,104

Salol, MN $130,812

Stephen, MN $130,758

Strandquist, MN $130,718

Strathcona, MN $130,702

Viking, MN $130,653

Wannaska, MN $130,769

Warren, MN $130,603

Warroad, MN $130,967

Edgerton, MN $128,399

Georgetown, MN $130,875

Glyndon, MN $130,860

Morton, MN $131,574

Murdock, MN $131,305

New London, MN $132,457

Norcross, MN $130,937

Odessa, MN $130,841

Olivia, MN $131,554

Ortonville, MN $131,114

Pennock, MN $131,824

Porter, MN $131,087

Prinsburg, MN $131,607

Raymond, MN $131,422

Redwood Falls, MN $131,559

Renville, MN $131,414

Sacred Heart, MN $131,337

Seaforth, MN $131,721

Spicer, MN $132,578

Sunburg, MN $131,721

Taunton, MN $131,295

Vesta, MN $131,282

Wabasso, MN $131,426

Wanda, MN $131,906

Watson, MN $131,364

Wheaton, MN $131,092

Wood Lake, MN $131,314

Saint Cloud, MN $134,029

Albany, MN $133,254

Alexandria, MN $131,592

Ashby, MN $131,267

Avon, MN $133,646

Barrett, MN $131,182

Belgrade, MN $132,327

Bock, MN $133,921

Bowlus, MN $133,093

Brandon, MN $131,299

Brooten, MN $131,905

Buckman, MN $133,319

Burtrum, MN $132,561

Carlos, MN $131,318

Cold Spring, MN $133,782

Collegeville, MN $133,802

Cyrus, MN $131,280

Dalton, MN $131,210

Elrosa, MN $132,989

Waltham, MN $134,938

Evansville, MN $131,228

Farwell, MN $131,290

Flensburg, MN $132,625

Foley, MN $133,673

Foreston, MN $133,699

Freeport, MN $132,998

Garfield, MN $131,322

Gilman, MN $133,635

Glenwood, MN $131,591

Greenwald, MN $132,934

Grey Eagle, MN $132,496

Hillman, MN $132,417

Hoffman, MN $131,293

Holdingford, MN $133,271

Holmes City, MN $131,281

Isle, MN $130,993

Kensington, MN $131,250

Lastrup, MN $132,437

Little Falls, MN $132,543

Long Prairie, MN $132,027

Lowry, MN $131,319

Mc Grath, MN $130,611

Melrose, MN $132,740

Milaca, MN $133,506

Miltona, MN $131,315

Nelson, MN $131,349

New Munich, MN $132,932

Oak Park, MN $133,794

Ogilvie, MN $133,008

Onamia, MN $132,008

Osakis, MN $131,744

Parkers Prairie, MN $131,176

Paynesville, MN $133,366

Pease, MN $133,938

Pierz, MN $132,513

Rice, MN $133,584

Richmond, MN $133,566

Rockville, MN $133,884

Roscoe, MN $133,468

Royalton, MN $133,357

Saint Joseph, MN $133,956

Saint Stephen, MN $133,702

Saint Martin, MN $133,413

Sartell, MN $133,881

Sauk Centre, MN $132,265

Sauk Rapids, MN $133,813

Nashua, MN $131,100

Naytahwaush, MN $131,213

New York Mills, MN $131,156

Nielsville, MN $130,841

Ogema, MN $130,920

Osage, MN $131,021

Ottertail, MN $131,271

Pelican Rapids, MN $131,136

Perham, MN $131,270

Perley, MN $130,936

Ponsford, MN $130,910

Richville, MN $131,156

Richwood, MN $130,981

Rochert, MN $131,031

Rothsay, MN $130,978

Sabin, MN $130,891

Shelly, MN $130,983

Tintah, MN $131,011

Twin Valley, MN $130,905

Ulen, MN $130,888

Underwood, MN $131,237

Vergas, MN $131,133

Vining, MN $131,125

Waubun, MN $130,928

Wendell, MN $131,064

White Earth, MN $131,341

Winger, MN $130,929

Wolf Lake, MN $131,027

Wolverton, MN $131,069

Bemidji, MN $131,190

Bagley, MN $131,026

Baudette, MN $130,704

Bena, MN $130,519

Big Falls, MN $130,122

Bigfork, MN $130,250

Birchdale, MN $130,276

Blackduck, MN $130,720

Bowstring, MN $130,402

Cass Lake, MN $130,918

Clearbrook, MN $130,974

Deer River, MN $130,502

Talmoon, MN $130,444

Effie, MN $130,141

Federal Dam, MN $130,739

Gonvick, MN $130,917

Gully, MN $130,819

Hines, MN $130,788

International Falls, MN $130,717

Kelliher, MN $130,637

Lengby, MN $130,966

Leonard, MN $130,877

Littlefork, MN $130,365

Loman, MN $130,339

Longville, MN $130,833

Marcell, MN $130,291

Margie, MN $130,224

Max, MN $130,416

Mizpah, MN $130,439

Northome, MN $130,422

Outing, MN $130,646

Pennington, MN $130,678

Ponemah, MN $130,921

Puposky, MN $130,826

Ranier, MN $131,243

Kabetogama, MN $130,233

Redby, MN $131,072

Redlake, MN $130,898

Remer, MN $130,549

Roosevelt, MN $130,695

Shevlin, MN $130,909

Solway, MN $130,943

South International Falls, MN $130,736

Spring Lake, MN $130,445

Squaw Lake, MN $130,426

Swift, MN $130,705

Tenstrike, MN $130,857

Trail, MN $130,770

Swanville, MN $132,487

Moorhead, MN $130,803

Upsala, MN $132,914

Villard, MN $131,660

Wahkon, MN $131,722

Waite Park, MN $134,025

West Union, MN $132,131

Brainerd, MN $131,483

Baxter, MN $131,642

Ah Gwah Ching, MN $131,027

Aitkin, MN $130,895

Akeley, MN $130,967

Aldrich, MN $131,103

Backus, MN $130,954

Benedict, MN $130,899

Bertha, MN $131,194

Browerville, MN $131,543

Clarissa, MN $131,376

Crosby, MN $131,027

Crosslake, MN $131,117

Cushing, MN $131,600

Deerwood, MN $131,132

Eagle Bend, MN $131,191

Emily, MN $130,766

Fifty Lakes, MN $130,771

Fort Ripley, MN $131,830

Garrison, MN $131,603

Hackensack, MN $130,935

Hewitt, MN $131,134

Ironton, MN $131,170

Jenkins, MN $131,121

Lake George, MN $131,015

Lake Hubert, MN $131,228

Laporte, MN $130,932

Menahga, MN $131,074

Merrifield, MN $131,127

Motley, MN $131,058

Nevis, MN $131,028

Nisswa, MN $131,242

Palisade, MN $130,467

Park Rapids, MN $131,110

Pequot Lakes, MN $131,144

Pillager, MN $131,204

Pine River, MN $130,967

Randall, MN $132,055

Sebeka, MN $131,004

Nimrod, MN $130,990

Staples, MN $131,156

Verndale, MN $131,068

Wadena, MN $131,266

Walker, MN $131,016

Detroit Lakes, MN $131,284

Ada, MN $130,892

Audubon, MN $131,110

Barnesville, MN $130,956

Battle Lake, MN $131,258

Bejou, MN $130,770

Beltrami, MN $130,875

Bluffton, MN $131,137

Borup, MN $130,880

Breckenridge, MN $131,398

Callaway, MN $130,968

Campbell, MN $131,092

Climax, MN $130,655

Clitherall, MN $131,174

Comstock, MN $130,939

Deer Creek, MN $131,137

Dent, MN $131,165

Dilworth, MN $130,793

Elbow Lake, MN $131,216

Elizabeth, MN $131,136

Erhard, MN $131,100

Erskine, MN $130,990

Felton, MN $130,854

Fergus Falls, MN $131,353

Fertile, MN $130,930

Flom, MN $130,869

Fosston, MN $131,031

Foxhome, MN $130,994

Frazee, MN $131,142

Gary, MN $130,776

Halstad, MN $130,973

Wabasha, MN $134,624

Hawley, MN $130,876

Hendrum, MN $130,940

Henning, MN $131,191

Hitterdal, MN $130,886

Kent, MN $131,021

Lake Park, MN $130,910

Mcintosh, MN $130,986

Mahnomen, MN $130,982

Wilton, MN $130,909

Waskish, MN $130,372

Williams, MN $130,716

Mountain Iron, MN $129,997

Cotton, MN $130,272

Wayzata, MN $140,579

Navarre, MN $140,594

Young America, MN $137,366

Winsted, MN $135,960

Winthrop, MN $133,611

Zimmerman, MN $135,370

Minneapolis, MN $141,917

Nashwauk, MN $130,012

Orr, MN $130,058

Nett Lake, MN $130,899

Pengilly, MN $130,076

Virginia, MN $130,232

Saginaw, MN $130,474

Sawyer, MN $130,489

Side Lake, MN $130,022

Soudan, MN $130,410

Sturgeon Lake, MN $130,993

Swan River, MN $130,045

Swatara, MN $130,373

Taconite, MN $130,515

Tamarack, MN $130,349

Tower, MN $130,210

Twig, MN $130,512

Warba, MN $130,167

Willow River, MN $131,107

Winton, MN $131,016

Wrenshall, MN $130,524

Wright, MN $130,441

Duluth, MN $130,532

Rochester, MN $136,198

Adams, MN $133,491

Altura, MN $133,793

Austin, MN $134,271

Blooming Prairie, MN $135,055

Brownsdale, MN $134,760

Brownsville, MN $128,413

Dundas, MN $136,722

Elko New Market, MN $138,567

Faribault, MN $135,476

Farmington, MN $138,939

Forest Lake, MN $139,206

Frontenac, MN $134,806

Goodhue, MN $135,562

Grandy, MN $135,108

Grasston, MN $132,887

Hampton, MN $138,124

Harris, MN $135,351

Hastings, MN $138,492

Henriette, MN $132,925

Hinckley, MN $131,204

Hugo, MN $139,727

Isanti, MN $136,914

Lake City, MN $135,219

Lake Elmo, MN $139,913

Lakeland, MN $139,028

Lakeville, MN $139,259

Lindstrom, MN $137,294

Lonsdale, MN $137,165

Marine On Saint Croix, MN $138,670

Medford, MN $135,036

Mora, MN $132,206

Morristown, MN $135,008

Nerstrand, MN $135,168

Newport, MN $140,409

North Branch, MN $136,748

Northfield, MN $137,285

Owatonna, MN $134,994

Pine City, MN $132,985

Randolph, MN $137,721

Red Wing, MN $135,282

Rock Creek, MN $133,903

Rosemount, MN $139,745

Rush City, MN $134,377

Saint Francis, MN $137,681

Saint Paul Park, MN $140,089

Sandstone, MN $131,163

Scandia, MN $138,225

Shafer, MN $136,832

South Saint Paul, MN $140,722

Inver Grove Heights, MN $140,388

Waverly, MN $136,122

Byron, MN $136,207

Caledonia, MN $128,986

Canton, MN $131,573

Chatfield, MN $134,730

Claremont, MN $135,380

Dakota, MN $128,712

Dexter, MN $134,995

Dodge Center, MN $135,582

Dover, MN $135,031

Eitzen, MN $128,988

Elgin, MN $135,855

Elkton, MN $134,506

Eyota, MN $135,751

Fountain, MN $133,760

Grand Meadow, MN $134,933

Harmony, MN $132,015

Hayfield, MN $135,370

Hokah, MN $128,090

Homer, MN $129,628

Houston, MN $129,246

Kasson, MN $135,896

Kellogg, MN $134,380

Kenyon, MN $135,634

La Crescent, MN $128,061

Lanesboro, MN $132,044

Lansing, MN $134,524

Le Roy, MN $133,024

Lewiston, MN $132,203

Lyle, MN $132,968

Mabel, MN $131,204

Mantorville, MN $135,880

Mazeppa, MN $135,691

Millville, MN $135,560

Minnesota City, MN $132,277

Oronoco, MN $136,207

Ostrander, MN $134,273

Peterson, MN $131,808

Pine Island, MN $135,882

Plainview, MN $135,084

Preston, MN $132,659

Racine, MN $135,393

Reads Landing, MN $134,603

Rollingstone, MN $132,846

Rose Creek, MN $133,585

Rushford, MN $130,898

Saint Charles, MN $134,374

Sargeant, MN $135,158

Spring Grove, MN $130,057

Spring Valley, MN $134,683

Stewartville, MN $135,749

Taopi, MN $133,214

Utica, MN $133,171

Ellsworth, MN $127,145

Fulda, MN $130,971

Garvin, MN $131,375

Hardwick, MN $126,746

Hendricks, MN $130,906

Heron Lake, MN $131,583

Hills, MN $124,921

Holland, MN $129,284

Ihlen, MN $126,860

Iona, MN $129,780

Ivanhoe, MN $131,175

Jackson, MN $131,562

Jasper, MN $126,253

Jeffers, MN $131,573

Kanaranzi, MN $126,811

Kenneth, MN $127,609

Lake Benton, MN $130,223

Lakefield, MN $131,375

Lake Wilson, MN $129,815

Lamberton, MN $131,455

Leota, MN $128,768

Lismore, MN $128,649

Luverne, MN $126,212

Lynd, MN $131,445

Magnolia, MN $127,031

Mountain Lake, MN $131,801

Odin, MN $131,771

Okabena, MN $131,538

Ormsby, MN $131,837

Pipestone, MN $128,561

Reading, MN $129,887

Revere, MN $131,391

Round Lake, MN $131,132

Rushmore, MN $129,079

Russell, MN $131,367

Ruthton, MN $129,986

Sherburn, MN $131,736

Slayton, MN $130,585

Steen, MN $125,826

Storden, MN $131,531

Tracy, MN $131,508

Trimont, MN $131,910

Trosky, MN $127,167

Tyler, MN $130,739

Walnut Grove, MN $131,420

Welcome, MN $131,913

Westbrook, MN $131,536

Wilmont, MN $129,444

Woodstock, MN $129,151

Worthington, MN $130,606

Beaver Bay, MN $130,460

Brimson, MN $130,034

Finland, MN $130,266

Grand Marais, MN $130,535

Grand Portage, MN $130,430

Hovland, MN $130,392

Isabella, MN $129,986

Knife River, MN $130,502

Lutsen, MN $130,467

Schroeder, MN $130,388

Silver Bay, MN $130,467

Tofte, MN $130,333

Two Harbors, MN $130,515

Adolph, MN $130,532

Alborn, MN $130,353

Angora, MN $129,924

Askov, MN $131,255

Aurora, MN $130,305

Babbitt, MN $130,288

Barnum, MN $130,538

Biwabik, MN $130,445

Bovey, MN $130,236

Britt, MN $130,012

Brookston, MN $130,426

Bruno, MN $130,959

Buhl, MN $130,096

Calumet, MN $130,527

Canyon, MN $130,382

Carlton, MN $130,509

Chisholm, MN $130,083

Cloquet, MN $130,494

Cohasset, MN $130,604

Coleraine, MN $130,864

Cook, MN $130,051

Albertville, MN $137,763

Annandale, MN $134,244

Anoka, MN $138,844

Andover, MN $139,722

Hopkins, MN $141,386

Burnsville, MN $140,178

Arlington, MN $135,180

Becker, MN $134,468

Big Lake, MN $135,207

Bird Island, MN $131,511

Osseo, MN $140,401

Brownton, MN $134,077

Buffalo, MN $136,497

Buffalo Lake, MN $132,525

Carver, MN $138,764

Champlin, MN $140,326

Chanhassen, MN $140,224

Chaska, MN $139,451

Clear Lake, MN $133,893

Clearwater, MN $133,868

Cokato, MN $134,513

Cologne, MN $138,249

Crystal Bay, MN $140,230

Darwin, MN $133,936

Dassel, MN $134,423

Dayton, MN $139,669

Delano, MN $138,116

Eden Valley, MN $133,577

Elk River, MN $137,400

Excelsior, MN $139,991

Fairfax, MN $131,729

Franklin, MN $131,513

Gaylord, MN $134,574

Gibbon, MN $132,510

Glencoe, MN $135,188

Green Isle, MN $135,892

Hamburg, MN $136,850

Hamel, MN $140,067

Hanover, MN $138,746

Hector, MN $131,845

Eden Prairie, MN $140,969

Minnetonka, MN $140,901

Maple Plain, MN $139,642

Howard Lake, MN $135,225

Hutchinson, MN $133,959

Jordan, MN $138,795

Kimball, MN $133,766

Lester Prairie, MN $136,156

Litchfield, MN $133,442

Long Lake, MN $140,246

Loretto, MN $139,079

Maple Lake, MN $134,710

Mayer, MN $137,412

Dennison, MN $135,457

Stacy, MN $137,945

Stanchfield, MN $134,520

Stillwater, MN $139,381

Taylors Falls, MN $135,770

Vermillion, MN $138,707

Warsaw, MN $135,334

Webster, MN $138,003

Welch, MN $136,323

Willernie, MN $140,224

Wyoming, MN $138,552

Saint Paul, MN $141,214

Mendota, MN $141,353

Minnetonka Beach, MN $140,273

Monticello, MN $135,149

Montrose, MN $136,991

Mound, MN $139,545

New Auburn, MN $135,162

New Germany, MN $136,922

Norwood Young America, MN $137,318

Plato, MN $136,407

Princeton, MN $134,487

Prior Lake, MN $139,587

Rockford, MN $138,735

Rogers, MN $139,303

Saint Bonifacius, MN $139,086

Saint Michael, MN $137,976

Santiago, MN $134,313

Savage, MN $140,348

Shakopee, MN $139,780

Silver Creek, MN $134,455

Silver Lake, MN $134,975

South Haven, MN $133,895

Norwood, MN $137,234

Spring Park, MN $139,904

Stewart, MN $133,145

Victoria, MN $139,458

Waconia, MN $138,557

Watertown, MN $138,018

Watkins, MN $133,694

Wanamingo, MN $135,660

West Concord, MN $135,579

Winona, MN $130,257

Stockton, MN $131,991

Wykoff, MN $134,328

Zumbro Falls, MN $135,713

Zumbrota, MN $135,645

Mankato, MN $133,851

Albert Lea, MN $133,527

Alden, MN $132,527

Amboy, MN $132,218

Belle Plaine, MN $137,691

Blue Earth, MN $132,002

Bricelyn, MN $132,083

Clarks Grove, MN $133,743

Cleveland, MN $135,085

Comfrey, MN $131,629

Willmar, MN $132,322

Alberta, MN $131,159

Appleton, MN $131,311

Atwater, MN $132,668

Barry, MN $131,227

Beardsley, MN $130,670

Bellingham, MN $130,888

Belview, MN $131,284

Benson, MN $131,428

Blomkest, MN $131,489

Boyd, MN $131,251

Browns Valley, MN $130,725

Canby, MN $131,017

Chokio, MN $131,164

Clara City, MN $131,467

Clarkfield, MN $131,348

Clements, MN $131,468

Clinton, MN $130,895

Clontarf, MN $131,221

Correll, MN $130,994

Cosmos, MN $132,627

Cottonwood, MN $131,394

Danube, MN $131,421

Danvers, MN $131,172

Dawson, MN $131,338

Donnelly, MN $131,156

Dumont, MN $130,982

Echo, MN $131,252

Ghent, MN $131,459

Graceville, MN $130,914

Granite Falls, MN $131,462

Grove City, MN $132,967

Hancock, MN $131,316

Hanley Falls, MN $131,311

Herman, MN $131,110

Holloway, MN $131,157

Kandiyohi, MN $132,417

Kerkhoven, MN $131,428

Lake Lillian, MN $132,021

Lucan, MN $131,360

Madison, MN $131,062

Marietta, MN $130,607

Marshall, MN $131,645

Maynard, MN $131,323

Milan, MN $131,338

Milroy, MN $131,330

Minneota, MN $131,420

Montevideo, MN $131,485

Morgan, MN $131,569

Insurance Business Development Manager Salary by Industry: Top Paying Sectors

For Insurance Business Development Manager roles, the industry you choose can affect earning potential by as much as 70% (the gap between the highest and lowest paying industries). Data shows that the Biotechnology and Aerospace & Defense sectors offer the strongest compensation, at 50% above the average. In contrast, Insurance Business Development Manager positions in Transportation or Hospitality & Leisure typically offer lower base pay, as these industries often view Insurance Business Development Manager as a support function rather than a direct revenue driver.

The top paying industries for an Insurance Business Development Manager

Industry Sector	Average Annual Salary	Average Hourly Rate	Pay vs.Avg
Biotechnology	$208,535	$100.0	50%
Aerospace & Defense	$180,731	$87.0	30%

Insurance Business Development Manager Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how an Insurance Business Development Manager's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

$128,259

Average $139,023/year

$153,789

$10,688

Average $11,585/month

$12,816

$2,467

Average $2,674/week

$2,957

$62

Average $67/hour

$74

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$153,789	$12,816	$2,957	$74
Average	$139,023	$11,585	$2,674	$67
25th Percentile	$128,259	$10,688	$2,467	$62

Find Your Next Insurance Business Development Manager Job

Ready to take the next step in your career? Browse thousands of current Insurance Business Development Manager job openings on our job board. Use the search bar below to find your perfect match.

Bay West LLC | Saint Paul, MN

Business Development Manager

Bay West LLC | Saint Paul, MN

Job Description. Job Description. Who We Are. Quality Work. Quality Results. Bay West stands at the forefront of the environmental consulting and remediati... more

4 Days Ago
BCI Construction INC | Sauk Rapids, MN

Business Development Manager

BCI Construction INC | Sauk Rapids, MN

Job Description. Job Description. We know you're not just looking for a great career, you're looking for a company with a positive culture that will suppor... more

4 Days Ago
Chandler Industries LLC | Blaine, MN

Business Development Manager

Chandler Industries LLC | Blaine, MN

Job Description. Job Description. Description. . About Chandler Industries. Chandler Industries is a premier contract manufacturer specializing in precis... more

4 Days Ago
Pursuit | Savage, MN

Business Development Manager

Pursuit | Savage, MN

We’re Hiring: Sales & Business Development Manager. Our client is looking for a. driven B2B sales hunter. to join their growing team and take ownership of ... more

5 Days Ago
Meyers Printing | Minneapolis, MN

Business Development Manager

Meyers Printing | Minneapolis, MN

Job Description. Job Description. We are seeking a highly motivated and experienced Business Development Manager to join our team. This role is essential t... more

5 Days Ago
Renters Warehouse LLC | Minnetonka, MN

BUSINESS DEVELOPMENT MANAGER

Renters Warehouse LLC | Minnetonka, MN

Job Description. Job Description. Salary Structure: $50,000 base salary with potential for additional compensation based on individual production and commi... more

5 Days Ago

For Employees

Analyze the market and your qualifications to negotiate your salary with confidence.

Get a Salary Increase

Search thousands of open positions to find your next opportunity.

Search Job Openings

For Employers

Individualize employee pay based on unique job requirements and personal qualifications.

Adjust Employee Salary

Get the latest market price for benchmark jobs and jobs in your industry.

Price My Industry Jobs

Where Does Our Salary Data Come From?

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

Detailed skills and competency reports for specific positions
Job and employee pricing reports
Compensation data tools, salary structures, surveys and benchmarks.

Learn about

Salary Search

Salary Calculator Tools

Know Your Worth

Advance at Work

Explore Career Path

Land Your Next Role

Software + AI

Data

Survey Catalogue

Insurance Business Development Manager Salary in Minnesota

Check out Insurance Business Development Manager Job Openings in Minnesota

Key Factors That Influence Insurance Business Development Manager Salaries

How Experience Level Affects Insurance Business Development Manager Salaries?

How Do Insurance Business Development Manager Salaries Vary from State to State?

Top Paying Cities for Insurance Business Development Manager

Insurance Business Development Manager Salary by Industry: Top Paying Sectors

The top paying industries for an Insurance Business Development Manager

Insurance Business Development Manager Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Find Your Next Insurance Business Development Manager Job

For Employees

For Employers

Where Does Our Salary Data Come From?

Are you an HR manager or compensation specialist?

Insurance Business Development Manager Salary in Minnesota

Check out Insurance Business Development Manager Job Openings in Minnesota

Key Factors That Influence Insurance Business Development Manager Salaries

How Experience Level Affects Insurance Business Development Manager Salaries?

How Do Insurance Business Development Manager Salaries Vary from State to State?

Top Paying Cities for Insurance Business Development Manager

Insurance Business Development Manager Salary by Industry: Top Paying Sectors

The top paying industries for an Insurance Business Development Manager

Insurance Business Development Manager Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Salaries of jobs related to Insurance Business Development Manager

Find Your Next Insurance Business Development Manager Job

For Employees

For Employers

Where Does Our Salary Data Come From?

Are you an HR manager or compensation specialist?